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FOX Business
Nov 28, 2012 7:00pm EST
stream. we are joined by grover norquist , president of americans for tax reform. i have to ask you. how does it feel to be a bully of lawmakers? i like this part especially, anti-tax sell at. the logical extremists. to find yourself is really being pointed that as the problem, not part of the solution here suddenly. how do you feel that? >> well, look. harry reid had a plan. he and obama and nancy pelosi were going to spend a great deal of money, and then they were going to turn to the republicans and say, okay. why don't you be responsible and raise taxes, put your finger prints on a tax increase to pay for our bigger government. republicans said no. harry reid has had a hissy fit for four years now, i'm happy the republicans would not raise taxes to pay for is bigger government. the problem is the american people don't want their taxes raised. lou: what i asked was how you feel? >> i am pleased as punch. harry reid, at having a hissy fit at me, he's really mad at the american people for not wanting to raise taxes. he personalizes it with me. lou: what about those folks like senator jo
FOX Business
Nov 28, 2012 10:00pm EST
have flat out repudiated their anti-tax increase pledge. the author of that pledge, grover norquist, here and we will ask him how it is that he came to be the villain in this piece, how it feels to be the subject of attacks from both the left and some on the right and what the future holds for those republicans who break their pledges to voters. also tonight, demonstrations for a sixth straight day in egypt. the united nations on statehood for palestinians tomorrow and the presidens spokesman says the white house is not concerned with ambassador rice misleading the public o benghazi. pillows a prize-winning journalist, a former pentagon official said among our guests. we begin tonight with that triple digit rally on wall street. the market interpreted positive statements on a potential deal on the fiscal cliff by house speaker and rebounded from what had been a 112-point slide after the morning's opening bell. the dow jones industrials reversed, as i said, on the speaker's positive remarks and finished the session up 107 points. s&p up 11, nasdaq gained 24. all ten s&p 500 sectors m
Dec 3, 2012 9:00am EST
a message for fellow panelists and father of the anti-tax pledge, grover norquist. >> most ceos are republican. they're on board. they're not on board with you. they're not on board with you because they fear your view. they think you do not favor going -- you favor going over the cliff. that's what they think. they think that you favor -- >> just for the record since we're on tv. that's silly if they think that they shouldn't be ceos. >> it doesn't really matter. that's what they think. >> i want you to walk me up to that moment. >> behind the record. i like that too. >> i'm stuck. like grover is stuck with this pledge he made everybody take which is that they have to go over the cliff because they obviously will not ever say the word tax. they will only say revenue. i'm stuck speaking to many more ceos than grover norquist is. he thinks it's silly. he thinks ceos are silly. i don't think they're silly. they control hiring in this country. many americans play for dinner. i don't think grover norquist cares about who is paying to dinner. he has a pledge. it's important to him an
Nov 29, 2012 9:00am EST
they will break with protocol. with grover norquist and his tax pledge to reach the deal on the fiscal cliff is sticking in solidarity with it. we're asking what he would be willing to compromise on. >> as we mentioned, house speaker boehner and other leadership meeting with treasury secretary geithner. boehner is expected to hold a press conference afterwards at 11:30 a.m. and we will bring it to you live. but when i was in an accident... i was worried the health care system spoke a language all its own with unitedhealthcare, i got help that fit my life. so i never missed a beat. that's health in numbers. unitedhealthcare. ♪ [ male announcer ] 'tis the season to discover the kid in all of us. enjoy free shipping and great values on your holiday shopping from l.l. bean. can i help you? i heard you guys can ship ground for less than the ups store. that's right. i've learned the only way to get a holiday deal is to camp out. you know we've been open all night. is this a trick to get my spot? [ male announcer ] break from the holiday stress. save on ground shipping at fedex office. you can st
FOX Business
Dec 3, 2012 11:00am EST
the whole thing? neil cavuto is coming in. grover norquist made this suggestion over the weekend. we are not sure whether it is a good idea. lori: it is televised enough. the dow off 23. flirting with 13,000. verisign, green mountain coffee, seeing green. we will be back right after this. ♪ can i help you? i heard you guys can ship ground for less thn e ups store. that's right. i've learned the only way to ge a holiday deal is to camp out. you know we've been open all night. is this a trick to get my spot? [ male announcer ] break from the holiday stress. save on ound shipping at fedex office. lori: put it on tv. grover norquist saying the president should go into a room with c-span cameras present. connell: neil cavuto joins us now. what do you think of this idea of putting it on television? neil: i do not think it is a good idea. this would really heighten it a little more. i think grover's point about how they should be held accountable and everyone should see how they come to these decisions, you kind of know how they come to these decisions. i do not think cameras and the whol
Dec 3, 2012 11:00pm EST
chum grover norquist. he's as certain as ever that republicans who have impure thoughts about violating his no new tax pledge will be targeted at the primary level by tea party members. i'm taking this masterful behind-the-scenes player at his word that he controls almost all the republicans. because almost all of them signed his oath. so a deal could be tough. plus i'm now calling for no vacation without legislation. no vacation without legislation. because the holidays are slated to begin in a couple of weeks. which doesn't give enough time to get the job done. so you have one side that is insisting on tax increases and offering no spending cuts, and then you have the other side which has pledged no tax increases which assures no deal can occur. after all, even if the president offered heavy-duty spending cuts like he did during the debt ceiling fight, the republicans can't compromise because of their blood oath in norquist. they aren't allowed to and the president's line seems to have hardened. doesn't it seem to you like he thinks that the wealthy and those who own stocks are exactl
FOX Business
Nov 30, 2012 7:00pm EST
to sit down and negotiate the prestige of the country will pay a price. lou: i told grover norquist, he must like tom cole lot because all he would say in response was interesting tactic. thanks for being with us. in the "moneyline" tonight, a stalemate in washington d.c. wall street's back today. the balance squeaking out of four. gain. s&p up less than a point, nasdaq slipping lower on the day. volume on the big board slightly heavier than usual. all the major indexes finished higher for the month. down 71 points. s&p and nasdaq both ended higher. the three biggest winners for the month, cisco systems up to nine 1/4%. home depot, bank of america, both of just above 6%. aaa now urging the environmental protection agency to halt the sales of gas with directional concentrations arguing the fuel blend known as e 15 with an additional 5% ethanol cause engine damage but that is not covered by most car warranties. the epa says cars made after the 2000's one mall can handle that fuel brand. triple late shows 95 percent of cars made before 2012 will not. up next, president obama meeting with e
Nov 28, 2012 3:00pm EST
entitlements, and republican congressman steve lottaret who is willing to break from grover norquist's tax pledge. he's also retiring at the end of this term. gentlemen, good to have both of you with us. mr. welch, i'll begin with you. i'm sure you've noticed, hopefully you've been watching cnbc and see all these pins that we are wearing that say "rise above" calling for you and your colleagues there to get something done on the fiscal cliff. why are you so unwilling to be able to do that? >> well, i am willing to do it. in fact, i work with steve, who you're going to hear from shortly, to advocate for a balanced deal. the real challenge here is practical. do we want to have a bad deal that beats the january 1 deadline, or are we willing to hold out for a more balanced deal, even if that requires us to go into january? >> does that include entitlements? does that mean reforming entitlemen entitlements, particularly medicare? >> absolutely. we have to have health care costs come under control. we can reform them. those of us who are strong supporters of medicare have to be advocates for sys
FOX Business
Nov 29, 2012 11:00am EST
revenue is on the table. we have republican senators saying they will stand up to the grover norquist tax pledge. they're willing to break it which is pretty big news. we also have the influential member of congress, republican tom cole saying we have got to agree to extend the tax cut just for those people making $250,000 and below and letting the more wealthy be taxed. definitely flexibility but what you see from democrats is an unwillingness to do serious entitlement reform that would lead to reductions in spending. they want to kick the can down the road and do more of the next year with the vague promises. dennis: the think republicans will be willing to agree upfront to more tax revenue or higher tax rates as we go without a firm cap on entitlement reform? >> that is the big question. what is a firm commitment? what they're going to look for is some spending cuts this year with an avenue towards entitlement reform next year is the best they are going to get. absolutely what the deal is going to be is the wealthier people, making $250,000 a year, will see their taxes go up. that is a
Nov 29, 2012 6:00am EST
. that would go against the grover norquist pledge not to raise taxes. but one of those who signed the pledge is standing by his promise. senator ron john so thson joins. senator, thanks for being here. >> good morning. >> senator, we've been following all of these negotiations as the market has turning on every single bit of information that comes out. you say that you would not go along with any idea to raise those marginal tax rates. why is that? >> because everything we should be doing here should be concentrating on economic growth because that's time as more effective. let me give you a couple numbers. even with the very meager recovery that we've had, revenue has increased to the federal government by $344 billion per year. if we just return to a normal economy like we had in 2007, those policies of george bush where we had 18.5% of our economy coming to the federal government as revenue, that would be another $419 billion. so combined, that would be $750 billion per year of additional revenue. now, president obama's proposal of punishing success, it's hard to say exactly what it will
Dec 4, 2012 9:00am EST
, congress most of the republicans signed the grover norquist pledge which says you cannot tax that 2% more than anybody else. you can't increase the taxes. so we're at a stalemate and someone has to give and i don't see anyone giving right now. >> bank of america today commented on the let's jump crowd. the bungee jump crowd for which they think is a scenario. >> you wonder how much of that is in negotiating position. embraced early on by senator schumer, new york state's senior senator. we'll see. you know, there are those who believe if you want deficit reduction and are serious about it, we have one way to get there and it's called the fiscal cliff and will send us into recession but we may get deficit reduction but others believe we won't get spending cuts that we need. more will take place in defense which many argue does need to happen perhaps though not in the same way it does. we shall see. what's today's date? the fourth now. we're not too far. people say the 18th. we need to at least see something for the 21st. >> they're going on vacation with legislation. is that right? should
Nov 28, 2012 1:00am EST
. politico and the discussion of the so-called fiscal cliff with grover norquist. and at 9:00 eastern on c-span 3, discussions on the 1990 budget deal featuring tom foaly and former white house chief of staff john sununu. and a hearing on amtrak operations at 10:00 a.m. eastern. witnesses include the president of amtrak and a representative of the united transportation union. >> washington worked his way up. went to harvard law school and at the urging of one of his brothers immigrated out west to virginia. he arrived after about a month's journey by ship, by stagecoach, by train and arrived in this -- on steamboat in this muddy, mining town, boarded himself in a log cabin. established a law practice in a log cabin and then slowly worked his way up and became a very successful lawyer and got involved politically, ran for congress, served for eight terms and then befriended abraham lincoln, obviously, from illinois. and grant, and as they were on the rise, washburn stated them as a close confidente during the war and after grant was elected president, he appointed washburn as secretary of s
Nov 28, 2012 9:00am EST
that they signed with grover norquist. people skeptical about a deal say what really matters is the house. the house is not showing that same level of flexibility, call it whatever you want. is that fair? are republicans in the house -- you're from oklahoma. obviously a red state. are you as resolute as you have always been? >> i am. here's the issue. the tax rate has never been the solution. there's a couple things to keep in mind here. one is obama care taxes kick in january 1st. there are three aspects to that fiscal cliff. the third aspect is the obama care taxes that are coming. there's a 3.8% increase on capital gains, on dividends, interest income for people making 200,000 or more. that's already coming. that's baked in the cake. what the president wants is an additional tax increase rate increase on the same group of people he's already put a rate increase on in january. we're pushing back saying they are taking a hit in january based on the obama care taxes. why talk about a double tax rate increase? second thing to remember in 2007 we spent a trillion dollars less than we spent
Nov 27, 2012 8:00pm EST
and not to a washington lobbyist named grover norquist. that is politically courageous. many have already said this. i respect them so much for it. as more do, it will create an environment for us to reach an agreement. we need the same willingness to step 4 on the left to be able to meet in this room at the table or wherever the room maybe and to come to an agreement that will lead us forward. one thing i am hoping for is if we can reach an agreement, in principle before the end of the year, then implement it, i believe this is what many have been waiting for to launch a more spirited recovery. if we get this done, if we have a credible $4 trillion deficit reduction plan signed and sealed, signed by the president, what does that say to the rest of the world? many economies in europe and other places are struggling, but ours will be the strongest in the world in terms of the future. it takes a lot of hard work but it is worth the effort. all will prosper. saturday night, my wife and i went to see a movie by spielberg. about another gentleman who lived in illinois for a while named abraham lincoln. tow
Search Results 0 to 20 of about 21 (some duplicates have been removed)